Industry Statistics

A new study finds the price of most long-term-care services are rising faster than inflation, and by 2050 the nation’s long-term care services bill is expected to top $379 billion. The most preferred form of care is in the home, and the cost of home care performed by a non-skilled home health aide remained flat in most regions of the country.

Additional research identifies an imminent shortage of caregivers as the driver of increasing long-term-care costs. By 2030, the number of Americans 65 years and older will double. The U.S. will need to recruit 200000 new direct-care workers each year to meet future demand among our aging population.

Nearly 7 million Americans provide care or manage care for a relative or friend aged 55 or older who lives at least one hour away, according to a survey cosponsored by The National Council on the Aging and The Pew Charitable Trusts.